Ambev Stock- Budweiser owner buying The Fat Jewish’s Babe Wine
Babe Wine has become popular thanks to the social media prowess of Ostrovsky and the Cohen brothers. The three will continue to lead Babe after the deal is completed.
“We have a dream to make Babe into America’s #1 wine, and A-B has the vision, the capabilities, the people and the network to help us get there,” said David Oliver Cohen in a statement.
Terms of the purchase were not disclosed but a source close to the deal said it is AB InBev’s biggest investment in wine to date.